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<br /> ��_— — TOCiE7'HER WITH all the improvemenls now or herca(ler erected on Ihe property.wnd plf awiemcnta.appurtcnancea,
<br /> -� �nd fiawra naw or hereAfter a pert of the propeny. All reploccments and Addidnns�che��Wso bo covered by�hix Se�urity
<br /> InYhvment. All of thc foregoing ia roferrcd to in thia Security Inatrument ea the"Propeny"
<br /> �''° BORROWER COVENANTS that Borrawer iR I4wfully seised af the es�utc hcreby conveyed and has�he right to grent
<br /> �� and convey the PropertY iu►d thAt the PropenY ig unencumbered, eacept for encumbrancea oi recard. Borrower warrante wui
<br /> � - will defend generally Ihe tille ta lhe Pmperly agafnst all claimr und derrwnd�+.�ubJect ro�ny encumbrancea of recwd.
<br /> ;°-._,�_�—.. __.___,_--, THIS SECURITY INSTRUMENT combineg unifbrm covenonts for nntional use and non•uniform covena�xe wi�h __
<br /> '''' - limiled wufpttons by jurisdictian ta constitute n unifarm secudty instrument covering real propc:tiY• �
<br /> _ -- - - - ---;� UNIFORM COVBNAlV7'3. Borrower and Lender cavenanc end agree as follows: _
<br /> -� l. Poyment ot Princfpal Aad Inleresti Prepwyment oad LAte CborRea Borrower shall promptly pay when due U►e _
<br /> __ �,:a pdncipAI of'and interest an the debt evidenced by�he Nate und any prepeyment and late charger duc under the Note. �
<br /> t. I�ada for'I�zes pnd Insurance. Subject to upplicable law or to u written wuiver by Lender.Borrower shall pay to
<br /> - � � L.cnder on the day monthly payments are due under the Note,until the Notc is puid in full,A sum l"Funda")for: (n)ycarly -.
<br /> - °- ��� taxes and wssessmcnts which may attain priority over this Secur�ry Inslrument us a lien an the Pmperty;(b)yeariy IeasehaW c_
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<br /> `'��- Payments or ground rents on Ihe Property. if any: (c) yearly haxurd or property insurance premiumc: (d) yenrly flood
<br /> "``-�= inaurance pr+emiums, if any; (e) yearly mortgage insurence premiuma, if any;and(� any xums payable by Borrower to _
<br /> -+�:.�#:�''� Lender,in uccordance wilh the provisiona of paragraph 8. in lieu of the payment of mortgage insurence premiums. 77�ese =
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<br /> iterru are called Escrow Items.' L.ender may,at any time.collect and hold Funds in en amount not to exceed the max mum .�.•
<br /> - -_���.fF�f� amuunt a lender fo�•a federally related moRguge loan may requlre far Borcower'�escrow accuwit wxler the federal Rcal �_
<br /> � "~.: Estate Seplement Procedures Act of 1974 ac amended irom time lo time,12 U.S.C.§2601 e�seq.("RESPA"),unless another _
<br /> ��_,� law Ihat applies to the Funds sets a lesr,er amount. If so,Lender may,at any time,collect and hold FLnds in on amount nat to _-
<br /> T .=-�`°��..�;;',- exceed tha lesscr amount. l.ender may estimate �hc umount of f unds duc on the basis of curtent data and reasonable �
<br /> _.�:r estimates of expenditures of future�scrow Itema or otherwise in arcordence wfth applicable law. 8
<br /> ,�'"Pr�;��.�° The F�nds ahall be held in an instilution whosze deposits are insured by a fedcral ugency, inatrumenta8ty, ar entity _
<br /> ��� �� ' � (including Lender,if Lender is such an institutian)or in any Federal Home Loan Bank. Lender shall apply the Fundw 10 pay �_
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<br /> ' `' �.���, the Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually annlyzing the escrow _
<br /> --���----=-' account,or vedfying the Escrow Items, unless Lender pAys Borrower interest on the Fundw And applicuble Inw permits �
<br /> ���_���y Lender to make auch a charge. However,l.ender may require Borrower to pny a one-time charge for en independen[ real -
<br /> ���- . " estate tex reporting Rervice used by Lender in connection wilh this loan,unless applicable law provides otherwise. Unless an
<br /> �����-'`��-`'4 j agreement is made or applicable law requires interest to be pald. Lcnder shall not be required to puy Borrower nny intcrest or
<br /> �r'� '•� earnings on the Flmds. Borrower and l.ender may agree in writing,however,that intereat shall be paid on the Funds. I.ender �
<br /> �`�K• shall give to Borrower,without charge,an unnual accounting of Ihe Plinds,shawMg creditK nnd debits to the Funds end ihe -�
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<br /> - +�.�•�•���� purpose for which each debit to the Flrnds was made. The Fhnds are pledged es additional security for all sums secured by
<br /> -- '�''''`"°`=:'�� this Se.:urity Insdument. ~
<br /> �,'�y `'� If the Funcls held by Lender ezceed Ihe Amounts permitted to be iicid by applicabie iaw. Lcndcr shal! acwunt to
<br /> -�-i"1AY "�'' � Borrower for the excess Funda in accordance with�he requirements oP applicable law. If the amount of the ELnds hel�d by
<br /> �`�_� ~� � • Lender at any dme iq not sufficient to pny the Escrow Uems when due,l.�nder mAy ho notify Bortower in writing,nnd,in _
<br /> `k�� ` � such case Bortower shnll puy to Lender the umount necessary to make up the deficiency. Bomnwer shall make up the
<br /> �l�,y � .��:•� , deficiency in no more than twelve monthly pnyment�,ut Lender g aole discretioa. _
<br /> Upon payment in full of ull sums secured by lhis Security Instrument.Lender shall prompUy refund to Borrower nny `
<br /> `��"�; �•�' Funds held by Lender. If,under puragraph 21.Lender sht►II ucyuire or seU the Propeny.Lender,prior to the ucquisition or -
<br /> - � �:!� r • �� sale of the Propeny, shall apply uny Funds held by l..:nder At the time of ucquisidon or sAle as u credit ugAinst the sumx �
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<br /> • �+f' ., � secered by this Security Instrument.
<br />' - • '++w � " 3. Appllcatlon oP Pt�ymenls. Unless uppllcablc law provides atherwise, ull puyments rcceived by Lendcr under �
<br />� ,'. '� •�� paragrepha 1 and 2 sholl be upplied: �rst,to uny prepayment churges duc under Ihe Note;sccond,to nmounts puyable under �..
<br /> �•^-' �`•� paragcaph 2;third,to intemst due;fourth,to principul due;and last,to any lute charges due under the Note. �
<br /> •• ,` � 4. Chprges; Uena. Borrowcr sholl puy ull taxes,ussessmen�s, churgex, fines and impositions attribu�eblc �o the _
<br /> • '"'�'�Y � �'° �� Property which may uttpin prlority over this Securily Instrument,and leasehold puyments or ground rents,if nny. Borrower _
<br /> ' �`�'` �' �'`n shall pay these obligution4 in�he munner provided in pamgraph 2,or if�ot paid in thet manner,Borrowcr sh�ll pay Ihem on _
<br /> =� �. '� • � time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts to be puid under
<br /> ,. ' . w ' this parugrnph. If Bomnwcr makex these payment�directly,Bnrrower shall promptly fumich to Lender receipts evidencing �
<br /> �: r� '�• . ° thepayments.
<br /> � �• '�� " ' Borrower shnll promptly discharge any lien which has priority over Ihis Security Instrument unless Borrower:(a)agrces �
<br />' ;;�:.. • in wriiing to the payment of the obli�ution secured by the lien�n a munner ucceptuble to Lender;(b)contests in good faith the ��
<br /> lien by,or defcnds againxt enforcement of thc licn in,lcgul proceedings which in the Lender+opinion operutc to prevent the �-
<br /> ° -, `'�""��"� - enforcement af the lien;or(c)sccures from the holder of the lien an ugrecment.r•utisfnctory to Lender subordinating the lien _
<br />: ��:t.�,� � to�his 5ecurity Instrument. If LenJer determines tha�any part of�he Propeny is subject to n lien which may uttain priority -
<br /> � �� ' over this Security Instrument.Lender moy give BoROwer A noticc identifying the lien. Borrower shall sntisfy the lien or take `
<br /> � "• ' � one or more of the uctions set forlh ubove wilhin I Q days of the giving of notice.
<br /> °� 5. Ha�rd or Property InsurAnce. 8orrower shull keep the improvrments now cxisting or hercafter erected on the =
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<br /> Property insured against loss by fire,htunrds included within thc tcrm"extcnded covcrugc"und any olher hAZUrds,including �
<br /> ��� . ��' fluods or tloading, for which Lender requires insurance. This insuruncc shall lx;muintuined in the nmounts and for 1he =
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